Banco BBVA Argentina (NYSE:BBAR) Upgraded by StockNews.com to “Buy”

StockNews.com upgraded shares of Banco BBVA Argentina (NYSE:BBAR) from a hold rating to a buy rating in a report released on Monday.

Banco BBVA Argentina Trading Up 2.4 %

Shares of BBAR opened at $10.24 on Monday. Banco BBVA Argentina has a 52-week low of $3.78 and a 52-week high of $11.87. The stock has a market cap of $2.09 billion, a PE ratio of 6.48 and a beta of 1.61. The firm’s fifty day moving average is $9.21 and its two-hundred day moving average is $9.05. The company has a quick ratio of 1.25, a current ratio of 0.91 and a debt-to-equity ratio of 0.03.

Banco BBVA Argentina Increases Dividend

The firm also recently disclosed a — dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, August 2nd were issued a $0.5134 dividend. This is an increase from Banco BBVA Argentina’s previous — dividend of $0.11. The ex-dividend date was Friday, August 2nd. Banco BBVA Argentina’s dividend payout ratio is presently 90.51%.

Institutional Investors Weigh In On Banco BBVA Argentina

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Banco BBVA Argentina by 30.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 18,152 shares of the bank’s stock worth $94,000 after purchasing an additional 4,197 shares during the period. Truist Financial Corp purchased a new stake in shares of Banco BBVA Argentina during the 2nd quarter valued at approximately $167,000. Quantbot Technologies LP lifted its holdings in Banco BBVA Argentina by 239.7% in the first quarter. Quantbot Technologies LP now owns 27,918 shares of the bank’s stock valued at $237,000 after acquiring an additional 19,700 shares during the last quarter. Virtu Financial LLC purchased a new position in Banco BBVA Argentina in the first quarter worth approximately $413,000. Finally, Jump Financial LLC increased its stake in Banco BBVA Argentina by 58.9% during the fourth quarter. Jump Financial LLC now owns 152,778 shares of the bank’s stock worth $831,000 after acquiring an additional 56,622 shares during the last quarter.

About Banco BBVA Argentina

Banco BBVA Argentina SA provides various banking products and services to individuals and companies in Argentina. It provides retail banking products and services, such as checking and savings accounts, time deposits, credit cards, consumer and pledge loans, mortgages, insurance, and investment products to individuals; and small and medium-sized companies products and services, including financing products, factoring, checking accounts, time deposits, transactional and payroll services, insurance, and investment products to private-sector companies.